SEG Automotive to display high-voltage e-powertrains for PVs and CVs at Auto Expo 2023
SEG Automotive, which emerged from the Bosch Starter Motors & Generators division in January 2018, is to showcase its High Voltage (HV) electric powertrain series at Auto Expo Components Show 2023, which begins on January 12 at New Delhi’s Pragati Maidan.
With demand for high-voltage solutions for various segments of higher load vehicles starting to gain traction in India, the global supplier believes this scalable e-machine platform will set standards in terms of smooth operation and efficiency, thus maximising vehicle range
According to the company, its HV series for the Indian market is adaptable for a wide range of passenger car, light commercial vehicle and CV applications, can provide solutions depending on the customer requirements as a standalone HV-machine, a full HV system solution, or individual HV components (relay, rotor and stator).
Ferdinando Sorrentino, Global CEO of SEG Automotive said, “We have been the motor for our industry for over a century now, powering over 300 million vehicles on the road today. Our key advantage is that we bundle immense e-machine and manufacturing competence and a global production network in an agile company. Now we are leveraging this unique combination of know-how and speed to help create the electrified future of mobility. In India – and for the global markets, where as much as 70% of cars will be hybrids or fully electric already in 2030.”
He added, “It makes me incredibly proud to see how quickly Team India has become a leader for light electric mobility. And this ‘electrification made in India’ is highly relevant not just for the local market; for example, two-wheelers for the European market will also be powered by e-drives made in India.”
Anil Kumar M R, president and managing director, SEG Automotive India said, “Like global markets, India is also fast-tracking the adoption of EVs through FAME and PLI schemes by the government. It is estimated that India’s EV market size will reach $152.2 billion by 2030. SEG Automotive India has already built a strong presence in this fast-growing industry with light electric mobility solutions we developed in Bangalore in close collaboration with Germany, featuring both mid–mount and hub–mount solutions for electric two-wheeler and three-wheelers.”
Eyeing huge potential of India’s EV market
Market penetration of electric variants is already on the rise among different vehicle categories in India. For example, the electric two-wheeler segment has grown from 0.5% market penetration in 2020 to 4.5% at end of 2022 and could scale beyond 30% in the next five years. The electric three-wheeler (L5) segment had already reached a 6.8% penetration in the first two quarters of 2022 and can go beyond 40% over the next five years with consistency in policy and support incentives. Light commercial vehicles with 1.5 to 3.5 tons are the next big growth area, as they are used for last-mile delivery across many segments. Their current electrification share is at ~1% and expected to reach double digits by 2025.
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